Shelley Mastro & Mark Mastro

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• Barclays Lowers REO Inventory Estimate

  Barclays Lowers REO Inventory Estimate By: Carrie Bay 05/07/2010 A recent study by Barclays Capital says that U.S. lenders are holding fewer foreclosed homes than previously assessed by the research firm. Some are viewing the revised estimate as a testament Read More... Posted Monday, May 10, 2010 2:26 PM by Shelley Mastro | 2 Comments Filed under: Market Conditions, Announcements, Finances, Buyer Information, Seller Information

• Details of HAFA

  HAFA was introduced to simplify and streamline the short sale process. HAFA accomplishes this in the following ways 2 : Compliments HAMP by providing viable alternatives for borrowers who are HAMP-eligible Utilizes borrower financial and hardship information Read More... Posted Friday, March 26, 2010 9:35 AM by Shelley Mastro | 0 Comments Filed under: Real Estate, Market Conditions, Announcements, Industry, Finances, Seller Information

• What is HAFA?

  The Home Affordable Foreclosure Alternatives (HAFA) Program 1 is a government-sponsored initiative led by the US Treasury Department assisting all Home Affordable Modification Program (HAMP)-eligible homeowners in avoiding foreclosure, specifically through Read More... Posted Friday, March 26, 2010 9:31 AM by Shelley Mastro | 0 Comments Filed under: Real Estate, Market Conditions, Finances, Seller Information

• The new short-sale rules

  What sellers can expect from participating lenders starting in April: -- Sellers must be unqualified for a loan modification under the Home Affordable Mortgage Program or be unable to afford the modification. -- The bank will set an acceptable value of Read More... Posted Tuesday, March 16, 2010 9:19 AM by Shelley Mastro | 0 Comments Filed under: Real Estate, Market Conditions, Industry, Buyer Information, Seller Information

• CANT PAY YOUR MORTGAGE...DEED FOR LEASE ANYONE?

  Can't pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a year. The change announced Thursday Read More... Posted Wednesday, January 06, 2010 2:57 PM by Shelley Mastro | 0 Comments Filed under: Real Estate, Market Conditions, For Sale, For Rent/Lease, Announcements, Seller Information